According to the Indian Embassy in Abu Dhabi, the UAE’s Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) made their first-ever crude oil transaction in national currencies.
Stock markets: The 30-share BSE Sensex climbed 293.59 points to reach its new all-time intra-day peak of 67,088.73 in early trade. The NSE Nifty gained 80.3 points to hit a record intra-day high of 19,829.55.
“The world is evolving and India is undergoing rapid development, particularly under Prime Minister Modi’s leadership”, Wickremesinghe noted.
Stock markets: The 30-share BSE Sensex climbed 193.8 points to 65,811.64 in early trade. The NSE Nifty went up by 68.3 points to 19,507.70.
Stock markets: The 30-share BSE Sensex opened lower and fell further by 294 points to hit a low of 65,785.64 in early trade.
According to HDFC Securities, the yellow metal had settled at Rs 58,950 per 10 grams in the previous trade. Silver, however, tumbled Rs 550 to Rs 70,700 per kilogramme.
Stock markets: The 30-share BSE Sensex declined 77.28 points to 62,544.96 in early trade even after a positive beginning. The NSE Nifty dipped 15.35 points to 18,519.05.
The Reserve Bank of India has allowed banks from 18 countries to open Special Vostro Rupee Accounts (SVRAs) for settling payments in Indian rupees. This decision is expected to boost India's exports and help avoid wartime international sanctions.
Sudhanshu Trivedi, BJP spokesperson and Rajya Sabha MP, stated today that the rupee is strengthening globally in comparison to the dollar.
Nirmala Sitharaman in Rajya Sabha: The finance minister said that the government has adopted a targeted approach based on ground-level inputs to tackle retail inflation which is ruling at around 7 per cent.
India is 85 per cent dependent on foreign oil to meet its needs for fuels, such as petrol, diesel and jet fuel.
The rupee opened weaker against the dollar this Friday tracking the overnight strength of the greenback, said Sriram Iyer, Senior Research Analyst at Reliance Securities.
Russia-Ukraine crisis is going to impact oil and gas prices across the world, which is already at a 7-year high at present, and impact the value of the Indian rupee, therefore, if our value depreciates, then commodities prices are going to get impacted.
The Indian rupee staged a recovery in the afternoon session on Friday, trading 36 paise higher against the US dollar, after the Reserve Bank stepped in to maintain sufficient liquidity in the panick-stricken currency market.
The Indian market is facing one of the worst market crashes in the recent times.
The Indian rupee continued its downward journey on Monday, sliding another 16 paise to 74.03 against the US dollar in opening trade, tracking weak opening in domestic equities amid mounting fears of a coronavirus-led economic slowdown.
The Indian rupee resumed its downward journey after a day's hiatus on Friday, plummeting by 46 paise to 73.79 (provisional) against the US dollar as coronavirus-panicked investors kept assessing deteriorating financial markets.
The Indian rupee continued its downward journey on Thursday, sliding another 5 paise to trade at 73.44 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.
The Indian rupee tumbled by 24 paise to settle at 71.56 (provisional) against the US dollar on Tuesday as concerns over the economic fallout from coronavirus outbreak continued to roil forex market sentiment.
The 30-share BSE index was trading 161.85 points or 0.39 per cent higher at 41,325.61, and the broader NSE Nifty rose 57.70 points or 0.48 per cent to 12,184.25. SBI was the top gainer in the Sensex pack, rising up to 2.14 per cent, followed by PowerGrid, Axis Bank, Bharti Airtel, Reliance Industries (RIL), Maruti and HDFC twins.
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